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BOISE CASCADE ANNOUNCES OFFERING OF $100 MILLION OF PREFERRED STOCK

 BOISE, Idaho, Jan. 29 /PRNewswire/ -- Boise Cascade Corp. (NYSE: BCC) today announced an offering of $100 million of preferred stock. The offering consists of four million depositary shares, each representing one-fortieth of a share of nonconvertible cumulative preferred stock, Series F.
 The depositary shares are being offered at $25 each, with an annual dividend of $2.35 per depositary share, initially yielding 9.4 percent. The issue is callable on or after Feb. 15, 1998.
 The underwriters are led by Goldman, Sachs & Co., A.G. Edwards & Sons, Inc., Kidder, Peabody & Co., Lazard Freres & Co., PaineWebber Incorporated, Salomon Brothers Inc, and Smith Barney, Harris Upham & Co. The underwriters have been granted the option to purchase up to an additional 600,000 depositary shares solely to cover overallotments, if any.
 The proceeds of the offering will be used by Boise Cascade to reduce debt.
 Boise Cascade Corp. is an integrated paper and forest products company headquartered in Boise, with operations located in the United States and Canada. The company manufactures and distributes paper and paper products, office products, and building products and owns and manages timberland to support these operations.
 -0- 1/29/93
 /CONTACT: Vincent Hannity of Boise Cascade, 208-384-6390, or after hours, 208-345-8141/
 BCC


CO: Boise Cascade Corp. ST: Idaho IN: PAP SU: OFR

JH -- SE003 -- 0706 01/29/93 11:04 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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